Rubrik, Inc. (NYSE:RBRK) Stock Has Average Target Price of $118.04

Shares of Rubrik, Inc. (NYSE:RBRK) have been given an average rating of “Moderate Buy” by the thirty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and thirty have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $118.04.

RBRK has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $106.00 target price on shares of Rubrik in a research report on Wednesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Monday, September 21st. Stephens restated an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. KeyCorp increased their price objective on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, DA Davidson lifted their target price on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 28th.

Rubrik Trading Down 1.5%

NYSE RBRK opened at $109.53 on Friday. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of -86.93 and a beta of 1.08. Rubrik has a twelve month low of $42.25 and a twelve month high of $139.92. The stock has a 50-day moving average of $112.50 and a 200 day moving average of $78.33.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities analysts predict that Rubrik will post -1.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, Director John Thompson sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at approximately $967,399.78. The trade was a 56.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the transaction, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at $26,516,620.13. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,583 shares of company stock worth $15,125,212 in the last 90 days. Insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Several large investors have recently made changes to their positions in RBRK. Focus Advisor Solutions LLC raised its stake in Rubrik by 131.9% in the 3rd quarter. Focus Advisor Solutions LLC now owns 49,049 shares of the company’s stock valued at $5,615,000 after purchasing an additional 27,897 shares during the last quarter. Rothschild Investment LLC boosted its stake in Rubrik by 9.3% during the 3rd quarter. Rothschild Investment LLC now owns 26,361 shares of the company’s stock worth $3,018,000 after purchasing an additional 2,251 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Rubrik by 69.5% during the third quarter. Cibc World Market Inc. now owns 74,681 shares of the company’s stock worth $8,549,000 after buying an additional 30,609 shares in the last quarter. IFG Advisory LLC purchased a new stake in shares of Rubrik during the third quarter worth $64,000. Finally, Diversified Trust Co raised its position in shares of Rubrik by 105.1% in the third quarter. Diversified Trust Co now owns 41,924 shares of the company’s stock valued at $4,799,000 after buying an additional 21,479 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Company Profile

Rubrik, Inc. is a cybersecurity and data-management company that helps organizations protect, monitor and recover their data across on-premises systems and cloud environments. Its offerings are designed to support data security and cyber resilience, including recovery from ransomware and other cyber incidents. The company’s Rubrik Security Cloud platform brings together data protection, threat monitoring and recovery capabilities. Its services help customers manage and secure data across diverse infrastructure, applications and cloud providers.